Pentair Income Quality from 2010 to 2024
| PNR Stock | USD 108.99 0.03 0.03% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 0.99406004 | Current Value 0.94 | Quarterly Volatility 1.95119399 |
Check Pentair PLC financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Pentair PLC's main balance sheet or income statement drivers, such as Depreciation And Amortization of 92.1 M, Interest Expense of 124.2 M or Total Revenue of 2.9 B, as well as many indicators such as Price To Sales Ratio of 3.07, Dividend Yield of 0.0115 or PTB Ratio of 3.92. Pentair financial statements analysis is a perfect complement when working with Pentair PLC Valuation or Volatility modules.
Pentair | Income Quality |
Latest Pentair PLC's Income Quality Growth Pattern
Below is the plot of the Income Quality of Pentair PLC over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Pentair PLC's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Pentair PLC's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
|
Income Quality |
| Timeline |
Pentair Income Quality Regression Statistics
| Arithmetic Mean | 1.69 | |
| Coefficient Of Variation | 115.62 | |
| Mean Deviation | 0.98 | |
| Median | 1.36 | |
| Standard Deviation | 1.95 | |
| Sample Variance | 3.81 | |
| Range | 8.9627 | |
| R-Value | (0.42) | |
| Mean Square Error | 3.38 | |
| R-Squared | 0.17 | |
| Significance | 0.12 | |
| Slope | (0.18) | |
| Total Sum of Squares | 53.30 |
Pentair Income Quality History
About Pentair PLC Financial Statements
Pentair PLC shareholders use historical fundamental indicators, such as Income Quality, to determine how well the company is positioned to perform in the future. Although Pentair PLC investors may analyze each financial statement separately, they are all interrelated. The changes in Pentair PLC's assets and liabilities, for example, are also reflected in the revenues and expenses on on Pentair PLC's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 0.99 | 0.94 |
Pair Trading with Pentair PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pentair PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pentair PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Pentair Stock
| 0.79 | B | Barnes Group | PairCorr |
| 0.63 | BW | Babcock Wilcox Enter | PairCorr |
| 0.85 | CR | Crane Company | PairCorr |
| 0.91 | IR | Ingersoll Rand | PairCorr |
Moving against Pentair Stock
| 0.86 | RR | Richtech Robotics Class | PairCorr |
| 0.82 | CVV | CVD Equipment | PairCorr |
| 0.57 | CYD | China Yuchai Interna | PairCorr |
| 0.48 | AOS | Smith AO | PairCorr |
The ability to find closely correlated positions to Pentair PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pentair PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pentair PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pentair PLC to buy it.
The correlation of Pentair PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pentair PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pentair PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pentair PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Pentair Stock Analysis
When running Pentair PLC's price analysis, check to measure Pentair PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pentair PLC is operating at the current time. Most of Pentair PLC's value examination focuses on studying past and present price action to predict the probability of Pentair PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pentair PLC's price. Additionally, you may evaluate how the addition of Pentair PLC to your portfolios can decrease your overall portfolio volatility.